If you owe money to the federal and state income tax, the amount of time it takes for the money to be withdrawn from your bank account will depend on the specific circumstances of your case. Here are a few factors that may affect the timing of the withdrawal:
Payment method: If you have arranged to make payments directly from your bank account, the funds will be withdrawn on the date that your payment is due. If you are making payments by check or money order, the funds will be withdrawn from your account when the check or money order is cashed.
Payment plan: If you have arranged to make payments on an installment plan, the funds will be withdrawn from your bank account on the dates that your payments are due.
Tax liens and levies: If the IRS or state tax agency has placed a tax lien on your property or levied your bank account, the funds will be withdrawn from your account as soon as possible, unless you are able to negotiate a different payment arrangement.
In general, it is important to be timely and consistent with your tax payments to avoid any potential penalties or enforcement action. If you are having difficulty making your tax payments, it is a good idea to contact the IRS or state tax agency to discuss your options and to try to come up with a plan that works for you.
